Black & Decker Retools For Success

By

Dimitra Defotis

Updated May 1, 2003 7:23 pm ET

IF ONLY Black & Decker made a cordless power tool for jump-starting the economy, its stock price surely would soar!

But Black & Decker's shares should benefit even if economic growth is flat this year. That's because the leading global producer of power tools is ahead of schedule in its plan to cut $170 million in costs by 2004 by moving most of its manufacturing plants overseas.